In summary, the market seems to be running out of gas, but undeniably still going and holding above support. So the bulls remain in charge unless SP breaks down below support at 3200.

  

             On your long equity positions raise stops and enjoy the ride.

Today is officially three months before US election. Stocks have a good record, being right 87% of the time since Great Depression, of predicting who is going to win in November.

If stocks are up, the incumbent party wins. |If stocks are down, the incumbent party tends to lose.

In summary, the market seems a bit tired, but SP continues to hold above support. So the bulls remain in charge unless SP breaks down below support at 3130.

In summary, the market is deciding where to go from here to make a strong directional move. Markets move violently to their place, and calmly in place. For now that is a trading range market until one camp or the other can get enough momentum going to engineer a breakout.

The market is still bullish unless the support is broken.